APP
TokenInsight News, Wall Street's first bitcoin exchange-traded fund, the ProShares Bitcoin Strategy ETF, hit the market on October 20, and in just four trading days, $1.2 billion poured into the bitcoin futures ETF and drove bitcoin prices to record highs.
The product has now set several consecutive fund industry records.
1. the fastest fund in the world to break $1 billion in size.
2. the second-highest ever turnover on the first day of release, topping $100 million.
With a global ETF asset cap of $9 trillion, if a Bitcoin ETF were to capture 1% of the global market, its market size would reach $90 billion, or almost 10% of Bitcoin's recent $1.1 trillion market cap.
Source
- Last:
- Next:
